Question
a.
The highest bid wins, but the winner may be left with an item that's worth less than paid for
b.
The lowest bid wins, but the winner may be left with an item that's worth more than paid for
c.
The highest bid wins, and the winner is guaranteed that the item is worth what they paid for
d.
None of the above
Posted under Cost Estimation Software Engineering
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Q. What is the Winner's curse phenomenon known from auctions?
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